CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Cross-Chain Lending Protocol Radiant Hacked Losing 1,900 ETH, Details

March 6, 2024
in Business, News, Technology
A A
/ freepik

/ freepik

Dalintis FacebookDalintisShare on Twitter

In another major hacking incident, the cross-chain lending protocol Radiant Capital lost a total of 1,900 ETH from the platform worth a staggering $4.5 million. Blockchain security and analytics firm Peckshield was the first to report about it.

PeckShield, a blockchain security and data analytics firm, reported a recent hacking incident on RDNT Capital resulting in a loss of 1.9k ETH, approximately $4.5 million. The attack exploited a time window during the activation of a new market in a lending platform (forked from popular platforms Compound/Aave).

The exploit also took advantage of a known rounding issue in the current Compound/Aave codebase. The actor behind the incident, identified as https://arbiscan.io/address/0x826d5f4d8084980366f975e10db6c4cf1f9dde6d, executed the exploit just 6 seconds after the activation of the new USDC market.

PeckShield suggests a simple solution to prevent such exploits: ensuring that when a new market is added, it is activated with a CF (Collateral Factor) of 0%.

Source: Coinpage

Related

Momentum Builds as Solana Eyes Major Breakout

September 16, 2025

Despite a recent three-day decline in Solana’s price, market signals suggest a potential rebound is on the horizon. The dip,...

XRP Surges Past Corporate Giants as $6 Price Target Looms

September 14, 2025

XRP has overtaken the market capitalizations of Shopify, Verizon, and Citigroup, positioning itself as a top-tier global asset. According to...

Bullish Breakout Looms for Pi Coin

September 13, 2025

Pi Coin has captured renewed interest following its testnet upgrade to version 20, which coincided with a bullish chart pattern....

Hash Rate and Mining Difficulty Reach New Peaks Amid Rising Miner Holdings

September 12, 2025

Following a strong price rally that pushed Bitcoin to a two-week high, the network’s hash rate and mining difficulty have...

DOGE Eyes the Dollar Mark Amid ETF Buzz and Derivatives Surge

September 11, 2025

Dogecoin climbed 1.5 percent on September 10, reaching $0.25 and marking a 72 percent rebound from its June low. This...

News

Mining

Malaysia’s Crypto Mining Boom: Legal vs Illegal Operations

June 9, 2025
Business

Nasdaq Pushes for Blockchain Integration in U.S. Markets

September 8, 2025
Coins

Pepe Coin Explained: From Meme to Market Mania

June 29, 2025
Reviews

PENGU Coin: From NFT Hype to Utility Powerhouse

August 31, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Binance Binance Coin Bitcoin blockchain BONK BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving MARA Memecoin Meta Mining Mobile OpenAI pengu Pepecoin pi coin pi network Ripple Samsung SHIB Shiba Shiba Inu Solana Stablecoin technology vpn XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.